Bob C., really appreciate your ongoing clarification of the tax law. Something to think about when we go to sell our long-time collections. I think most guys want to be law-abiding, its just tough to figure out when we can net expenses, what forms to fill out, etc.
I always hated that my Paypal 1099-K INCLUDED dollars collected for sales tax that were NEVER PAID to me - ebay collected the tax that the buyer paid, yet it shows up on my 1099!!! Ahhhg! What a mess...
So I should pay income tax or capital gains on the sales tax ebay collected??!!?
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Thanks for your thoughts, Joe.
Love the late 1800’s Boston Beaneaters and the early Boston Red Sox (1903-1918)!
Also collecting any and all basketball memorabilia.
Last edited by Dead-Ball-Hitter; 01-27-2022 at 10:31 AM.
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